Mambu, a cloud-based banking platform, has launched enhanced Software-as-a-Service ( SaaS ) solutions for Islamic finance to enable financial institutions to build, deploy and scale Shariah-compliant products with speed, transparency, and confidence.

With assets expected to surpass US$3.8 trillion in 2025, the Islamic banking sector is primed for explosive growth. However, many banks across the Middle East and Africa ( MEA ) and Asia-Pacific ( APAC ) are operating on infrastructure that cannot cope with the demands of today's customers, or the pace of change in financial services, the company says.

According to Mambu, its latest Islamic finance offerings will enable banks to meet growing customer expectations and regulatory requirements while staying true to Islamic principles.

“Mambu’s cloud banking platform, coupled with our powerful Islamic profit-sharing capabilities, ensures financial institutions now have access to powerful tools that reduce complexity, automate compliance, and accelerate time to market, all within a fully Shariah-aligned framework,” says APAC market sales director David Becker.

Expanded suite

Mambu's expanded Islamic banking offering provides a comprehensive suite of tools for Islamic banks and those looking to offer Shariah-compliant products. These enhanced capabilities include:

• Islamic profit sharing ( IPS ): A purpose-built engine designed to automate, streamline, and scale Islamic banking operations. By automating the fair calculation and distribution of profits, IPS significantly reduces operational risk while ensuring full transparency and alignment with Shariah principles.
• Islamic funding solutions: These support current and savings account products based on true profit-and-loss sharing principles such as mudarabah,wakalah, wadiah, qard hassan, and tawarruq.
• Islamic financing solutions: The flexible engine supports a range of Shariah-based financing products for personal, SME, and asset-based needs, including murabaha, tawarruq, and qard hassan.

Mambu says its SaaS architecture and low-code product configuration enable financial institutions to scale operations across Islamic and conventional banking systems while maintaining a clear separation between them.

“Islamic banks don’t just need digital tools; they need a flexible foundation built for ethical growth,” says Harjit Kang, head of Middle East and Africa at Mambu. “To remain competitive in a digitally transforming region, Islamic banks must adopt new technologies. Innovators will gain first-mover advantages, while those who fail to adapt risk being left behind.”